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Japan pioneered QE and pushes it to the extreme, even to the extent of easing their equity markets. Why do you think any central bank can make a free lunch?
by jamez1 10y ago
Japan pioneered QE and pushes it to the extreme, even to the extent of easing their equity markets. Why do you think any central bank can make a free lunch?
- eru 10y agoPlease see Scott Sumner's blog at http://www.themoneyillusion.com/ http://www.themoneyillusion.com/ . He has lots of posts explaining why this makes sense. The `no free lunch' theorem only applies when you are already at the efficiency frontier. If someone is still banging their head against the wall, they can stop doing that for a very quick and `free' win.